IMFS Research Fellows

Prof. Tobias Adrian, Ph.D. 

In January 2017, Tobias Adrian take over as Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF in Washington. Prior to this, he had been a Vice President of the Federal Reserve Bank of New York and head of the Capital Markets Function of the Research and Statistics Group. In that capacity, he contributed to the NY Fed's financial stability policy and to its monetary policy briefings. His research covers asset pricing, financial intermediation, and macroeconomics, with a focus on the aggregate implications of capital market developments. Adrian holds a Ph.D. in Economics from Massachusetts Institute of Technology (MIT) and a MSc from London School of Economics. He also holds MAs in Economics from the Goethe University in Frankfurt and the Dauphine University in Paris. He has taught at MIT and Princeton University.

Prof. Michael Bauer, Ph.D.

has been Professor of Financial Economics at the University of Hamburg since 2020. There, he analyzes the interactions between financial markets, monetary policy and the economy and addresses issues of sustainability in financial and monetary policy. Previously, he worked for ten years as an economist for the Federal Reserve Bank of San Francisco. He earned his Ph.D. in Economics from the University of California, San Diego in 2010. He has also taught at several American universities, including the University of California, Berkeley.

Prof. Dr. Günter W. Beck 

is Professor for European Macroeconomics at the University of Siegen and Research Fellow at the Center for Financial Studies. His research focuses on macroeconomics, monetary economics, and international economics. Before his appointment in Siegen, Günther W. Beck was Professor at the University of Mainz. After gaining a Ph.D from Goethe University in 2004, he worked as an Assistant Professor in Frankfurt.

Dr. Petra Geraats

Dr. Petra Geraats is a Senior Lecturer at the Department of Economics at the University of Cambridge. Her research areas include macroeconomics, international finance and behavioral economics. She holds a Ph.D. in Economics from the University of California at Berkeley and a Master in Economics from Tilburg University. Her special interest lies in the transparency of monetary policy on which she has contributed to several publications, e.g. The Oxford Handbook of Economics and Central Bank Communication, Decision-Making and Governance. Currently, Petra Geraats is among the experts to evaluate the Central Bank of Chile. She was an advisor to the International Monetary Fund and an external expert for the Central Bank Studies group at the Bank for International Settlements.

Prof. Luisa Lambertini, Ph.D.

Luisa Lambertini is a Professor at the Ecole Polytechnique Fédérale de Lausanne (EPFL), where she holds the Chair of International Finance. She received her Ph.D. in Economics from the University of California at Berkeley in 1995, her Master of Science in Economics from the University of Warwick in 1989 and her Laurea cum Laude from the Universita’ degli Studi di Bologna in 1987. Professor Lambertini’s research focuses on the interaction of monetary and fiscal policies; on introducing housing and mortgage default in macroeconomic models; on the analysis of regulation and macro-prudential policies in models with financial institutions. Her research has been published in the American Economic Review, the Review of Economic Studies, and the Journal of International Economics. Professor Lambertini has been a consultant with the European Central Bank and the Federal Reserve Bank of Richmond and Hoover National Fellow.

Prof. Dr. Emanuel Mönch

is Professor of Financial and Monetary Economics at the Frankfurt School of Finance & Management. From 2015 until November 2021, he was Head of the Research Center of Deutsche Bundesbank. Besides, he was Co-Optation Professor for Monetary Policy and Financial Markets at Goethe University. Mönch studied statistics at the École Nationale de la Statistique et de l'Administration Économique (ENSAE) in Paris and economics at Humboldt University in Berlin, where he later gained his doctorate. From 2007 until 2015 he worked at the Research Group of the Federal Reserve Bank in New York, ultimately as a Research Officer, and also taught as a visiting professor at the prestigious Columbia University in New York. Mönch has published articles in numerous renowned academic journals.

Prof. Athanasios Orphanides, Ph.D.

is Professor of the Practiceof Global Economics and Management at the MIT Sloan School of Management, Cambridge, MA. He served as Governor of the Central Bank of Cyprus from May 2007 to May 2012 and was a member of the Governing Council of the European Central Bank between January 2008 and May 2012. Prior to that, Orphanides was a Senior Adviser to the Board of Governors of the US Federal Reserve System. While at the Federal Reserve, he taught undergraduate and graduate courses in macroeconomics and monetary economics at Georgetown University and Johns Hopkins University. Orphanides holds undergraduate degrees in mathematics and economics as well as a Ph.D. in economics from the Massachusetts Institute of Technology.

Prof. Dr. Heike Schweitzer, LL.M. (Yale)

Prof. Dr. Heike Schweitzer, LL.M. (Yale) has held the Chair for Civil Law, German and European Commercial and Competition Law and Economics at the law faculty of Humboldt University Berlin since April 2018. She is a recognized expert in those fields and a special advisor to EU commissioner Margrethe Vestager for digitalization and competition policy. Besides competition law, the European law on the economic system, state aid law, the law on digital markets as well as the financial market law are among her main research areas. From 2006 to 2018, she taught at the universities of Florence and Mannheim and at Freie Universität Berlin. Heike Schweitzer is a member of the Kronberger Kreis.

Prof. Dr. Peter Tillmann 

is Professor of Monetary Economics at the Justus-Liebig-University Giessen. He has been a Research Fellow at the Institute for Monetary and Financial Stability since 2009. His research focuses on monetary policy, empirical macroeconomics, and financial markets. Before coming to Giessen in 2009, Tillmann was a senior economist at the Swiss National Bank. He started his academic career at the Universities of Bonn and Edinburgh. In 2003, he gained a Ph.D. from the University of Cologne.

Prof. Dr. Maik Wolters

Maik Wolters is Professor of Macroeconomics at the University of Kiel and a Research Fellow at the Kiel Institute for the World Economy. He completed his Ph.D. in 2010 under the supervision of Volker Wieland at Goethe-University Frankfurt. Afterwards he was Assistant Professor of Macroeconomics at the University of Kiel and the Kiel Institute followed by positions as full Professor at the University of Jena and the University of Würzburg. Maik Wolters research focusses on business cycles and monetary policy and he has published many articles in international academic journals.